SONOMA, Calif. – One of the promising free agents for IndyCar's 2015 class took himself off the market Sunday by signing a one-year contract to remain with his current team.

Of course, the team Josef Newgarden signed with - CFH Racing - will be different in name and structure, but he believes in the opportunity.

CFH Racing was a merger recently confirmed by two of the sport's smaller Indianapolis-based teams, Ed Carpenter Racing and Sarah Fisher Hartman Racing. Newgarden has spent the past three seasons with the latter.

"At this point in my career, and I'm still young, I have to be with a team that can win races, and this team can," the 23-year-old native of Hendersonville, Tenn., said.

Carpenter's team has won three races this season, an oval with Ed Carpenter and two street circuits with Mike Conway.

"I think it's really good, to be honest with you, and it's a very interesting situation," said Newgarden, who vague about when he signed the contract. "There are positives from each group. Ed's group coming on board with SFHR is really going to strengthen the program. It's going to be a good place to be."

CFH has not decided whether to partner with Chevrolet or Honda.

The team's news release said it was a one-year contract with an option for the 2016 season, but Newgarden insisted "it's a one-year deal."